US oil producers cut rigs as price declinesBut an announcement on Wednesday by Helmerich & Payne, the giant contract rig company, that it planned to idle up to 50 rigs over the next month sent shudders through the industry. And that came on top of 11 rigs that it has already mothballed, meaning that in just a few weeks, its shale drilling activity will be reduced by about 20 percent.
Triepke predicted that over the next six months, the big three land drilling companies Helmerich & Payne, Nabors Industries and Patterson-UTI Energy are "likely to cut approximately 15,000 jobsout of the 50,000 people they currently employ."
http://www.telegram.com/article/20150108/NEWS/301089744/1002
Swift Energy Company (SFY) To Cut Capex By 75%Global oil giant Royal Dutch Shell (NYSE:RDS.A) announced last week its plans to cut up to 3,000 jobs in its oil sands field in Western Alberta, Canada. Canadian Natural Resources (CNQ), a Calgary-based oil company, has cut its 2015 capital expenditure forecast by 27%, citing low oil prices. American Eagle Energy Corporation (NYSEMKT:AMZG) recently announced the suspension of its drilling budget for 2015. The firm stated it had no intentions of carrying out drilling activities at the current level of crude oil prices. Civeo Corporation (NYSE:CVEO), an American accommodation services company, suspended its dividend in order to preserve cash flow to protect itself from falling oil prices. Linn Energy LLC (NASDAQ:LINE) has also reduced its capital expenditure budget for 2015.
http://www.bidnessetc.com/32547-swift-energy-sfy-to-cut-capex-by-75/
Civeo Corp (CVEO) Cuts More Than 1,000 Jobs; Stock ReboundsCiveo Corp (CVEO), a housing provider for workers in the oil industryreduced its workforce by more than 1,000 jobs.
http://www.valuewalk.com/2014/12/...rp-cveo-cuts-more-than-1000-jobs/
U.S. Steel Lays Off 756, Blaming Low Oil PricesThe plants make steel pipe and tube for oil and gas exploration and drilling.
Steel pipe and tubes have been the companys most reliable profit driver,
http://www.wsj.com/articles/...ut-jobs-amid-low-oil-prices-1420556069
Civeo die Unterkünfte für Öl Förderer bauen...U.S. Steel Corp. die Rohre für die Fracker herstellen...etc..etc...
an der Ölindustrie hängen so viele Jobs die man nicht gleich wahr nimmt...
Ist wohl erst der Anfang von Entlassungen....
...wenn Öl auf 40 $ fällt, werden zig tausende Arbeiter ihren Job verlieren und
Chapter 11 wird dann täglich in den US Medien vorkommen.
Spätestens dann...... werden wir beim Öl Chart nen schönen spike sehen.
Nur meine Meinung..keine Kauf / Verkauf Empfehlung !